User talk:Sadhwi Srinivas/sandbox
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[edit]"he model is meant to explain “the dynamics of imitative decision processes” – how large groups of people can be convinced to conform to an idea or an action even when such idea or action may be irrational."
I believe you have misunderstood the basic idea of an information cascade. Informational cascades are not merely informational social influence (what some call social proof). Rather it occurs when people accept that others do or say over their own private information. As Bikhchandani says in the introduction to the paper you quote, "An informational cascade occurs when it is optimal for an individual, having observed the actions of those ahead of him, to follow the behavior of the preceding individual without regard to his own information." Your revision changed the article to make it incorrect.
Posted on behalf of robertekraut by InstructorCommentBot (talk) 21:26, 23 March 2012 (UTC)